What is the IRS process,guidelines, consequences for Australian Nationals investing in US property? and IMG_1626_1600x1067

What is the IRS process,guidelines, consequences for Australian Nationals investing in US property?

More concerned w/ double taxation. I know there is a Aus/US tax treaty. If we rent out the place and make $ 3000-$ 5000/yr after the mortgage is that amount even taxable? I'm thinking we'll just be taxed on the capital gains when we sell it in 5 years.


Taxation best answer:

Answer by Bash Limpbutt's Oozing Cyst©
Your net income on the investment will be taxed at a flat rate of 30%.

Taxation

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